Bitcoin Spot Trading Market from Seed CX Cryptocurrency Exchange
The press release of Seed CX crypto exchange explained that the big cryptocurrency clients can access the market through 3 ways:
- Web API
- Graphical user interface
- FIX (Financial Information Exchange) protocol
Since its inception back in 2015, Seed CX has raised around US$25 million. With this recent crypto exchange’s launch, Seex CX has now started to offer a licensed exchange fortrading as well as settlement, especially for the institutional investors. Reports say that in the coming future, the company will start offering a crypto derivative market, which will be regulated by the United States CFTC (Commodity Futures Trading Commission).
Edward Woodford, CEO and founder of Seed CX said:
“We’re offering truly institutional level support. We are live.”
What do Bitcoin Spot Trading Market of Seed CX Offer?
Woodford has said in an interview that the crypto exchange will offer the trade of Bitcoin against the US Dollar (BTC/USD) trading pair. However, it is learned that they will not stop here. They plan of offering trading pairs of the US Dollar with Bitcoin Cash (BCH) and Ether (ETH) by the end of January 2019.
More trading pairs will be offered by the cryptocurrency exchange from February 2019. He went on to say that they are going to add many more fiat currencies beyond the US Dollar and that include Japanese Yen and Euros.
He made it clear that the offerings of Seed CX are mainly targeted for institutional investors, who are looking for entering the market after witnessing continued decline in prices. He went on to say:
“The narrative right now is ‘low prices, low prices, low prices,’ and the question is how do we respond to this. In a sense, we’ve launched months ago [by on-boarding early clients], but now we’re getting a whole bunch of clients looking to decrease their operational risk.”
Photo Credit: https://pixabay.com/